Time-consistent stopping under decreasing impatience

DOI10.1007/s00780-017-0350-6zbMath1391.60086arXiv1502.03998MaRDI QIDQ1691445

Yu-Jui Huang, Adrien Nguyen Huu

Publication date: 16 January 2018

Published in: Finance and Stochastics (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/1502.03998

zbMATH Keywords

optimal stoppingtime inconsistencyhyperbolic discountingsubgame-perfect Nash equilibriumiterative approachdecreasing impatience

Mathematics Subject Classification ID

Stopping times; optimal stopping problems; gambling theory (60G40) Portfolio theory (91G10)

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